True redgie. Most of oil commentary seems to be built around the ebb and flow of inventory.
Far more relevant to us is the rapid diminish in global proved resource. The hangover of sub 35 oil, and the timidness exploration took from that, will itself ensure a few years of reasonable robustness with the POO, IMO.
Imagine where it'd be, even now, without the lower 48 shale ramp up, and middle East uncertainties!
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